You have used home equity lines of credit to purchase investment rentals and want to know the best way to pay down the HELOCs.Between the two properties you bought, after expenses, you have $250 a month positive cashflow to use.What I like to do is pay down some principal every month with my positive cashflow.I use my extra active income from real estate commissions helping other investors to pay down the principal even more which just frees up that credit for me to use again.I know I can refinance the HELOC debt before it changes to principal and interest as it is just interest only payments as yours are.One difference is the cashflow, I have greater positive cashflow and could make the principal and interest payment in the future with the extra cashflow I already enjoy.I always get HELOCs on my income properties as well after purchasing them to pull out as much of my downpayment as possible.

@Travis Gutting Open a prop stream account, fund it with some skiptracing credits and go to work!

I finally understand that credit card payments are exempt from needing to send 1099's.

What they said.....everyone over the age of 18 has to have a background/credit/ ID verification and sign the lease.

True re the prior poster, re this helping the seller save their credit, if you buy sub-to you will dramatically raise their FICO since the mortgage will show on-time payments.  

I have lost a lot more $$$ to tenant damage than to unpaid rent.  

(NY counties are generally quite expensive)Do you have home owners insurance to cover fire or other damage?

@Randall AlanRandy,I have roughly 1+m of funds, that includes open lines of credit.

. ;-)In Atlanta, for example, city/county liens are treated the way the credit bureaus do: They fall off after 7 years.

I can do that for you if you are properly prepared with reserves and credit.